Long

AdEx triangle breakout soon!

Updated

Adex been trading in a triangle on daily charts. Looks ready to bounce and show it's move. Looking for first sell at 0.00025 and watching for break above. Next level 0.00033.

Keep in mind I'm not an advisor nor an expert.

Note

so far so good - holding the triangle.

watching for volume to come in and selling pressure to get exhausted.

Trade active

Update:
Triangle is holding.
Daily candle wix bounced off 50-day moving average with strong support. And candle is closing above the resistance at ~0.000173.

100 and 200 daily MA are only about 10% to the downside offering additional support in case of shake out.

With a little volume Adex can takeoff soon :).

Trade active

update:

Daily chart following along with strong support with the 50-day MA.
100 and 200 MA right below (~6%) offering more support at 0.000156.

Overall, it's getting tight.

jibk

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.